Salona Cotspin Limited produces and sells cotton yarn, knitted fabrics, and garments in India.
Price History & Performance
|Historical stock prices|
|Current Share Price||₹198.30|
|52 Week High||₹49.20|
|52 Week Low||₹250.00|
|1 Month Change||-0.28%|
|3 Month Change||6.78%|
|1 Year Change||265.87%|
|3 Year Change||159.39%|
|5 Year Change||396.37%|
|Change since IPO||598.24%|
Recent News & Updates
Should You Be Adding Salona Cotspin (NSE:SALONA) To Your Watchlist Today?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Here's Why Salona Cotspin (NSE:SALONA) Has A Meaningful Debt Burden
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
|SALONA||IN Luxury||IN Market|
Return vs Industry: SALONA exceeded the Indian Luxury industry which returned 100.2% over the past year.
Return vs Market: SALONA exceeded the Indian Market which returned 63.7% over the past year.
Stable Share Price: SALONA is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: SALONA's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.
About the Company
Salona Cotspin Limited produces and sells cotton yarn, knitted fabrics, and garments in India. The company offers ring spin, open end, slub, hank, and compact cotton and blend yarn products. It also provides grey, dyed, and printed fabrics; and knitwear apparels.
Salona Cotspin Fundamentals Summary
|SALONA fundamental statistics|
Is SALONA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SALONA income statement (TTM)|
|Cost of Revenue||₹2.83b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||20.37|
|Net Profit Margin||3.09%|
How did SALONA perform over the long term?See historical performance and comparison
0.5%Current Dividend Yield
Is Salona Cotspin undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SALONA (₹198.3) is trading above our estimate of fair value (₹10.34)
Significantly Below Fair Value: SALONA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SALONA is good value based on its PE Ratio (9.7x) compared to the Indian Luxury industry average (16x).
PE vs Market: SALONA is good value based on its PE Ratio (9.7x) compared to the Indian market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SALONA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SALONA is overvalued based on its PB Ratio (2.7x) compared to the IN Luxury industry average (1.2x).
How is Salona Cotspin forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Salona Cotspin has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Salona Cotspin performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SALONA has high quality earnings.
Growing Profit Margin: SALONA's current net profit margins (3.1%) are higher than last year (0.5%).
Past Earnings Growth Analysis
Earnings Trend: SALONA's earnings have grown by 16.6% per year over the past 5 years.
Accelerating Growth: SALONA's earnings growth over the past year (1800.7%) exceeds its 5-year average (16.6% per year).
Earnings vs Industry: SALONA earnings growth over the past year (1800.7%) exceeded the Luxury industry 73.8%.
Return on Equity
High ROE: Whilst SALONA's Return on Equity (28.2%) is high, this metric is skewed due to their high level of debt.
How is Salona Cotspin's financial position?
Financial Position Analysis
Short Term Liabilities: SALONA's short term assets (₹1.1B) exceed its short term liabilities (₹859.7M).
Long Term Liabilities: SALONA's short term assets (₹1.1B) exceed its long term liabilities (₹143.2M).
Debt to Equity History and Analysis
Debt Level: SALONA's debt to equity ratio (188%) is considered high.
Reducing Debt: SALONA's debt to equity ratio has increased from 129.9% to 188% over the past 5 years.
Debt Coverage: SALONA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SALONA's interest payments on its debt are well covered by EBIT (3.6x coverage).
What is Salona Cotspin current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SALONA's dividend (0.51%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).
High Dividend: SALONA's dividend (0.51%) is low compared to the top 25% of dividend payers in the Indian market (1.38%).
Stability and Growth of Payments
Stable Dividend: SALONA's dividend payments have been volatile in the past 10 years.
Growing Dividend: SALONA's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (4.9%), SALONA's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Shyamlal Agarwala (76 yo)
Mr. Shyamlal Agarwala serves as the Executive Chairman, Chief Executive Officer at Salona Cotspin Ltd and has been its Managing Director since April 1,2015. He has served as a Director at Salona Cotspin Li...
CEO Compensation Analysis
Compensation vs Market: Shyamlal's total compensation ($USD53.11K) is above average for companies of similar size in the Indian market ($USD38.82K).
Compensation vs Earnings: Shyamlal's compensation has increased by more than 20% in the past year.
Experienced Board: SALONA's board of directors are considered experienced (6.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Salona Cotspin Limited's employee growth, exchange listings and data sources
- Name: Salona Cotspin Limited
- Ticker: SALONA
- Exchange: NSEI
- Founded: 1994
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹1.035b
- Shares outstanding: 5.26m
- Website: https://www.salonacotspin.com
Number of Employees
- Salona Cotspin Limited
- No. 9, Ramalinga Nagar
- IV Cross Saibaba Colony
- Tamil Nadu
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 18:13|
|End of Day Share Price||2021/10/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.